Friday , 2 June 2017
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Crisis Watch

Distressed Sales Bumped Up Last Year


  Just to prove that they are not quite ready for the history books, sales of foreclosures and short sales increased slightly last year.  Institutions bought 7.9 percent of all homes. RealtyTrac reported that short sales and foreclosure-related sales — including both sales to third party buyers at the public foreclosure auction and sales of bank-owned properties — accounted for … Read More »

Foreclosure Rate in November Lower than 2000-2006

Only 46,000 completed foreclosures were reported for the entire month of November 2013, half the rate of foreclosure completions between 2000 and 2006 before the decline in the housing market in 2007 when they averaged 21,000 per month nationwide between Since the financial crisis began in September 2008, there have been approximately 4.7 million completed foreclosures nationwide. Read More »

Only 13 Percent are Still Underwater

Approximately 791,000 more homeowners returned to a state of positive equity during the third quarter of 2013 leaving only 6.4 million homes still underwater, according to the latest analysis by CoreLogic. The total has fallen from 7.2 million homes, or 14.7 percent of all residential properties with a mortgage, at the end of the second quarter of 2013*. The total … Read More »

Smile When You Say “Bubble,” Mister

Texas tempers heated up last month when Trulia, a California-based web site, added all three of its major cities to its “Bubblewatch” list of major markets it considers to be overvalued. The designation was not appreciated in the Lone Star State. Read More »

US Default Seen Pushing Housing to the Brink

Housing largely dodged a bullet on the government shut down that went into effect October 1, the pending default, however, is an entirely different matter. As the October 17 default deadline nears, knuckle in the housing industry are turning white. Read More »

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